Belgium, Zeebrugge and Brugge - Supplies

Demolition report dated 20 January 2023

A degree of increased positivity has entered recycling markets this week, as prices push on in both India (off the back of firming steel and settling currencies) and Bangladesh (off of a rising demand and a currency that has recently found its stability around BDT 105). The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 30 September 2022

Sentiments have softened across sub-continent markets once again this week, as Buyers appear increasingly reluctant to commit on fresh tonnage whilst fundamentals remain so shaky – especially as the markets have witnessed across the last couple of weeks, where currencies and steel plate prices took turns in tumbling. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Explanatory notes

Container shipping: capacity management key to carriers’ profitability as volumes falter

Despite lower demand because of the pandemic, carriers have achieved high freight rates and profitability in the first half of the year through large-scale capacity reductions and low bunker prices.

Demolition report dated 17 December 2021

Sub-continent ship recycling markets (including Turkey) remained in a precarious position this week, with the recent decline in steel plate prices mixed in with the crushing depreciation of currencies that has led to a serious dearth in the global demand for tonnage. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 07 August 2020

Following nigh on USD 150/LDT being knocked off prices, subcontinent markets are currently poised on a much firmer footing this week, especially as the negativity and constant declines of the second quarter begin to be blown away with some of the incredibly aggressive offers on show. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 11 October 2019

After a brief spike in the markets (which saw a few vessels sold at increasingly firm numbers, some of which even crept past the USD 400/LT mark), there now appears to be a resurging resistance from local Recyclers to improve prices any further. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 19 July 2019

The mid-year slump witnessed across all recycling locations has shown no signs of abating, with another poor showing (especially from the subcontinent markets) as offers on units declined across the board on the back of weakening steel plate prices, with India taking the biggest hit once again. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.

Demolition report dated 13 October 2017

PERFECT STORM: Most sub-continent recyclers are entering the dreaded wait-and-watch mode to see where prices are heading, before committing themselves to new units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.